UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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(Exact name of Registrant as Specified in Its Charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On August 16, 2023, Third Coast Bank, SSB, a Texas state savings bank (the “Bank”), the bank subsidiary of Third Coast Bancshares, Inc. (the “Company”), applied to the Texas Department of Banking to convert from a Texas state savings bank to a Texas banking association. If the application is approved and the conversion is completed, then the Texas Department of Banking will be the Bank’s primary state regulator, the Board of Governors of the Federal Reserve System (the “Federal Reserve”) will be the Bank’s primary federal regulator and the Federal Reserve will continue to be the Company’s primary federal regulator. The Bank has notified the Federal Deposit Insurance Corporation, the Federal Home Loan Bank, and the Federal Reserve, of the proposed charter conversion. The Bank also provided notice of the charter conversion to the Texas Department of Savings and Mortgage Lending, its current state regulator. The Bank is currently a member of the Federal Reserve System and the converted Bank intends to retain such membership.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Description of Exhibit |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Third Coast Bancshares, Inc. |
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Date: |
August 17, 2023 |
By: |
/s/ R. John McWhorter |
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R. John McWhorter |